No Change in Capitalization. No change will be made (by reclassification, subdivision, reorganization or otherwise) in the authorized or issued capital stock or other securities of WCC (other than pursuant to the exercise of stock options), and no options, warrants or rights to acquire, or securities convertible into or exchangeable for, any shares of capital stock or other securities of any of WCC or any of its subsidiaries shall be issued or granted (other than stock option grants in the ordinary course of business consistent with past practice) and no alteration, acceleration of vesting or other change in the terms of any stock option outstanding on the date of this Agreement will be made.
Appears in 2 contracts
Sources: Acquisition Agreement (Wackenhut Corp), Acquisition Agreement (Wackenhut Corrections Corp)